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Bezos finally decided that his new business would sell books online, because of the large worldwide demand for literature, the low unit price for books, and the huge number of titles available in print. [12] Amazon was founded in the garage of Bezos' rented home in Bellevue. [9] [13] [14] Bezos' parents invested almost $246,000 in the start-up ...
"Florida is very, very favorable for ... Bezos plans to sell 50 million Amazon shares total before Jan. 31, 2025, worth an estimated $8.5 billion (this initial sale was around 12 million shares ...
So far, the Amazon founder’s tax savings have been astronomical, worth an estimated $1 billion this year alone. Since his move in early 2024, Bezos has sold an estimated $13.6 billion worth of ...
The Amazon founder's estate could save about $32 billion in taxes by relocating to Miami. ... Mostly in unrealized capital gains in Amazon stock. Florida doesn’t tax capital gains. And by the ...
Amazon.com, Inc., [1] doing business as Amazon (/ ˈ æ m ə z ɒ n / ⓘ, AM-ə-zon; UK also / ˈ æ m ə z ə n /, AM-ə-zən), is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. [5]
His net worth surpassed $100 billion for the first time on November 24, 2017, after Amazon's share price increased by more than 2.5%. [215] When the 2017 list was issued, Bezos's net worth was registered at $72.8 billion, adding $27.6 billion from the previous year. [ 216 ]
Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. [1] The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2]
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